Taxes are set to increase in 2026. And even though it may not feel like it, we are living in a historically low tax rate.

In this video, our financial advisor Sean, and Erin talk through the pros and cons of a Roth Conversion for someone in their 70’s.

First, the pros: if you convert your IRA to a Roth IRA, you and your beneficiaries will have tax-free withdrawals, all future growth will happen tax-free, and you’ll have no Required Minimum Distributions, which means you have better control your tax liability.

But before you convert, you should also consider the cons: when you convert, you will pay all those taxes upfront, which could mean a big tax bill in April. And even though we are living in a historically low tax rate, there is uncertainty over future tax rates: they could go higher, they could go lower.

If you are in your 70’s and considering a Roth Conversion, please give Sean a call to see if it makes sense as part of your financial plan. Please call at 603-715-2335 or click HERE to schedule time directly on Sean’s calendar.